Alternative investment fund managers AfricInvest and Gulf Capital have invested US$51 million in iSON Xperiences, a Kenya-based outsourcing and customer service company. Through AfricInvest III and Gulf Credit Opportunities Fund II, the firms each provided US$25.5 million in structured debt and equity financing to support iSON’s growth and acquire shares… Read More
Topica Edtech Group, a Vietnam-based online education company, has raised US$50 million in a Series D round led by Southeast Asia-focused private equity firm Northstar Group. Topica provides a suite of online educational products, including live tutoring courses led by native English speakers from the United States, Australia and other… Read More
Emerging markets-focused principal investor Standard Chartered Private Equity (SCPE) has acquired a controlling stake in Sunwoo, a South Korea-based meat importer, for US$90 million. The company sources meat from international suppliers, including U.S.-based Cargill and Brazil-based JBS, and distributes it to domestic restaurants, wholesalers and meat processors. Read More
Global private equity fund manager Warburg Pincus has led a Series B round of US$150 million for Geek+, a China-based artificial intelligence-enabled robotics developer. Vertex Ventures and Volcanics Venture also participated in the round. Geek+ provides warehousing, logistics and manufacturing automation solutions to Australia-, Asia-, Europe- and U.S.-based corporations. Read More
Poland- and Central Europe-focused mid-market buyout firm Value4Capital has acquired Kom-Eko, a Poland-based municipal and commercial waste collection, sorting and processing company. Value4Capital acquired the company through V4C Poland Plus Fund from CEE-focused alternative asset manager Royalton Partners. The transaction includes co-investments from the European Investment Bank (EIB Group) and… Read More
CropIn Technology Solutions, an India-based agribusiness software developer, has raised US$8 million in a Series B round from India-focused venture capital firm Chiratae Ventures and the Bill & Melinda Gates Foundation Strategic Investment Fund. CropIn provides cloud-based farm management and yield prediction products to farmers, agricultural processors and distributors, lenders… Read More
Asia-focused alternative investment manager PAG has reached a final close for its third pan-Asia buyout fund with US$6 billion in capital commitments. Investors in the fund, which reportedly launched in June 2018 with a target of US$4.5 billion, include U.S.-based pension funds and Kuwaiti and Singaporean sovereign wealth funds. Read More
International Finance Corporation (IFC) and venture capital firm TLcom Capital have led an investment of US$10 million in Twiga Foods, a Kenya-based agribusiness technology company. Other participants in the funding round include existing investors Wamda Capital, DOB Equity, 1776 and AHL Venture Partners. The company, which connects smallholder farmers to… Read More
Africa-focused private equity fund manager Emerging Capital Partners (ECP) has reached a final close for ECP Africa Fund IV (AFIV), garnering more than US$640 million in commitments to the fund and related co-investments. The fund’s investors—over half of which are Africa-based, with the remainder based in Europe and North America—include… Read More
Emerging markets-focused venture capital firm Elevar Equity has led an investment of US$5 million in Bankingly, a Uruguay-based digital financial services company. The Rise Fund, TPG’s global impact investing fund, and philanthropic investor Endeavor Catalyst also participated in the funding round. Bankingly—which provides software-as-a-service products to financial institutions that serve… Read More
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